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Investor Day 2018 May 15 Safe Harbor

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Investor Day 2018 May 15 Safe Harbor Investor Day 2018 May 15 Safe Harbor Forward-looking Statements These presentation slides and the related presentation contain certain forward-looking statements, as defined under U.S. federal securities laws, with respect to our long-term goals and trends associated with our business, as well as guidance or projections as to future performance. These forward-looking statements are based on our current intent, beliefs, plans and expectations. The audience is cautioned not to place any undue reliance on any forward-looking statements. Forward-looking statements necessarily involve risks and uncertainties, many of which are outside of our control, that could cause actual results to differ materially from such statements and from our historical results and experience. These risks and uncertainties include such things as: • the highly competitive and evolving nature of the industry in which we compete; • the rapidly changing retail environment; • any inadequacy, interruption, integration failure or security failure with respect to our information technology; • the impact of significant fluctuations and volatility in various input costs, such as cotton and oil-related materials, utilities, freight and wages; • our ability to properly manage strategic projects; • significant fluctuations in foreign exchange rates; • our ability to attract and retain a senior management team with the core competencies needed to support our growth in global markets; • legal, regulatory, political and economic risks related to our international operations; • our ability to successfully integrate acquired businesses; • our reliance on a relatively small number of customers for a significant portion of our sales; and • other risks identified from time to time in our most recent Securities and Exchange Commission reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q. Since it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results, the above list should not be considered a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and Hanesbrands undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required by law. Non-GAAP Terms and Definitions To supplement financial guidance prepared in accordance with GAAP, this presentation contains historical financial results and projections concerning certain non‐GAAP financial measures, including adjusted EPS, adjusted net income, adjusted operating profit (and margin), free cash flow, EBITDA, adjusted EBITDA, net debt to EBIDTA, IRR and ROIC. Please see the attached Appendix for more information regarding the definition of these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP financial measure. Hanesbrands is unable to reconcile projections for IRR on acquisitions or for projections of financial performance beyond 2018 without unreasonable efforts, because the company cannot predict, with a reasonable degree of certainty, the type and extent of certain items that would be expected to impact these figures in 2019 and beyond, such as revenue, operating profit, tax rates, and acquisition and integration or other action related charges. Investor Day 2018 | 2 Agenda 8:15 am Welcome, Safe Harbor & Agenda 10:00 am Global Activewear | Introduction & Overview T.C. Robillard | Chief Investor Relations Officer John Marsh | Group President, Global Activewear Company Overview, Strategy, Key Themes Expanding Champion Globally Gerald Evans | Chief Executive Officer Susan Hennike | President, Champion North America Supply Chain & Global Operations Joe Monahan | VP & Chief Commercial Officer, Champion Europe Tomohiko Hirano | VP Managing Director, Commercial Asia Mike Faircloth | Group President, Global Supply Chain, IT & E-Commerce Financial Overview Global Innerwear | Pillars to Consistent Growth Barry Hytinen | Chief Financial Officer Global and U.S. Innerwear Overview Howard Upchurch | Group Pres., Innerwear Americas Closing Remarks Acquisitions as a Platform to Growth Gerald Evans | Chief Executive Officer Francois Riston | President, Hanes Europe Omni-Presence | Summary Q&A David Bortolussi | President, Hanes Australasia 11:30 am Breakout Sessions | Product Showcase Q&A Leadership Luncheon Break Investor Day 2018 | 3 Investor Day Kickoff Video Video Playing Investor Day 2018 | 4 Company Overview & Strategy Gerald Evans Chief Executive Officer WE HEARD YOU Investor Day 2018 | 6 Key Messages 1 2 3 4 5 Strong consumer Diversified our Leveraging our Strong and Focused on franchise of business globally supply chain, consistent free maximizing industry-leading and across global scale and cash flow shareholder brands built from channels to operational generator; returns through decades of deliver more discipline to approaching our disciplined, consumer consistent generate even $1B+ in annual return-centric interactions, organic growth greater amounts operating cash approach to operating in that will be of cash flow flow by 2020 capital heavily-branded complemented allocation; near- categories that with selective, term priority to are consistently strategic get back within purchased over acquisitions over our targeted time time leverage range Strong Fundamentals with Significant Runway Investor Day 2018 | 7 Hanesbrands at a Glance (NYSE: HBI) A socially responsible, leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific Key Statistics Key Brands Founded 1901 Global HQ Winston-Salem, NC 1 Employees ~67,200 in 45 Countries 2 Market Cap $6.052B Key Financials (M) 2017 2018 Guidance Revenue $6,471 $6,720-$6,820 3 Adj. Op. Profit $935 $950-$985 Op. Cash Flow $656 $675-$750 2017 Sales Breakdown Global Supply Chain 5% Innerwear Hemisphere International Eastern 32% 38% 34% Innerwear Activewear 66% Activewear Western 25% Other Hemisphere By Segment By By Category By Largest Global Basic Apparel Company with Over a Century of History 1 As of 12/30/2017 2 As of 5/11/2018 3 Non-GAAP measure. See reconciliation tables in Appendix. Investor Day 2018 | 8 Strong, Sustainable Competitive Advantages • Strong consumer franchise; global portfolio of leading brands • Heavily-branded and growing categories, consistently repurchased over time Brand • We own #1/#2 brands Power • Strong brand equities that span generations • Expertise in managing share-leading brands • Low-cost manufacturing; scale extends to global functions – IT, procurement, R&D Elevate Strategy (I2E) Strategy Elevate - Supply Chain & • Unlocks synergies from acquisitions to - Regional • Enables us to bring innovation to market at right price points and margin structure Infrastructure • Regional scale (U.S., Europe, Australia) while maintaining local commercial presence Innovate • Low capital intensity; lynchpin to increased free cash flow generation • Consumer-centric focus • Culture of continuous improvement Operational • Omnipresent distribution: “where the consumer wants to shop” Discipline • History of evolving our business model to address and overcome challenges • Plan the work, then work the plan • Deep management bench Management • Seasoned global operators Team • Homegrown as well as from acquired companies • Strong presence in Americas, Europe, Australia, and Asia Investor Day 2018 | 9 Long-Standing Commitment to Doing the Right Thing www.HanesforGood.com Employees Vendors Sustainability Product Safety Green for Good • Global Code of • Fair Labor • Cotton • Childrenswear • Education Conduct Association • Energy • Chemical • Medical Support • Code of Conduct • Global Standards Management Officers • Water • Disaster Relief • Global Anti- • Design Hazard • Employee Policies Bribery Program • Waste Analysis • Fundamental Needs • Privacy • Consumer Use 2017 30% 33% 84% 420,000 Milestones H20 Renewable Landfill Employee Hours Volunteered in Green for Reduction Energy Use Diversion Rate Good Programs since 2010 Investor Day 2018 |10 Experienced Management Team with Global Depth GLOBAL INNERWEAR Gerald Barry Scott Mike Joia Howard Francois David Evans Hytinen Lewis Faircloth Johnson Upchurch Riston Bortolussi Chief Executive Chief Financial Chief Accounting Group President CAO, GC & Corp. Group President, President, President, Officer Officer Officer Global SC, IT & Secretary IW Americas Hanes Europe Hanes Australasia Joined: 1983 2017 2006 E-commerce 2007 1987 2014 2016 1997 GLOBAL ACTIVEWEAR John Susan Joe Tomohiko John Scott Marsh Hennike Monahan Hirano Fryer Somerville Group President, President, VP & CCO, Champion VP Managing President, Sports President, Hanes Global AW Champion N.A. Europe Dir., Comm. Asia Apparel & Graphics AW NA & CCO AW 1993 2006 2016 2010 1989 1991 Investor Day 2018 |11 Global Innerwear: Low Growth, Consistent Consumption – Heavily Branded Product Categories Per Capita Consumption (units) U.S.1 France2 Australia/NZ3 10.6 Underwear Intimates Hosiery Socks 9.9 8.3 7.7 7.5 7.5 7.7 6.6 5.1 5.1 4.8 4.9 4.6 4.8 3.4 3.4 2.8 2.9 Men's Bras Socks Men's Bras Men's Men's Bras Socks UW UW Socks UW 2013 2017 Strong Stable Growth Category Heavily Branded 5-year CAGR U.S.1 France2 Australia/NZ3 89% 91% 90% 0.6% 0.6% 82% 73% 74% 0.5% 27% 26% 18% 11% 9% 10% 4 1 2 World U.S. France 2013 2017 2013 2017 2013 2017 Branded Private Label Total Global Innerwear Market: $165B 1 Source: NPD; 2 Source: Kantar; 3 Source: 2013-Roy Morgan,
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